This research provides an insight on the performances of machine learning (ML)-based algorithms for the estimation of the energy consumption in metal forming processes and is applied to the radial-axial ring rolling process. To define the mutual influence between ring geometry, process settings, and ring rolling mill geometries with the resulting energy consumption, measured in terms of the force integral over the processing time (FIOT), FEM simulations have been implemented in the commercial SW Simufact Forming 15. A total of 380 finite element simulations with rings ranging from 650 mm < DF < 2000 mm have been implemented and constitute the bulk of the training and validation datasets. Both finite element simulation settings (input), as well as the FI (output), have been utilized for the training of eight machine learning models, implemented with Python scripts. The results allow defining that the Gradient Boosting (GB) method is the most reliable for the FIOT prediction in forming processes, being its maximum and average errors equal to 9.03% and 3.18%, respectively. The trained ML models have been also applied to own and literature experimental cases, showing a maximum and average error equal to 8.00% and 5.70%, respectively, thus proving once again its reliability.